DCSIMG

Talks continue in hunt for yard buyer

OUT OF ORDERS ... McNulty Offshore went into administration more than two months ago.

OUT OF ORDERS ... McNulty Offshore went into administration more than two months ago.

TALKS are continuing with “interested parties” as a buyer is sought for a stricken South Tyneside offshore yard, administrators revealed today.

It is now more than two months since McNulty Offshore went into administration after orders dried up.

The decision sparked 100 redundancies at the yard in Commercial Road, South Shields, where ship-related work has continued for 106 years.

Administrators KPMG are still looking to sell the yard as a going concern and say that about 80 staff are still busy completing outstanding orders.

GMB regional officer Mick Blench is keeping in close contact with shop stewards at the yard, which specialises in oil and gas contract work, construction engineering, pipe and structural fabrication and project management services.

But Mr Blench has expressed concerns about the lack of any firm news on a buyer, since the yard was placed into administration on February 28.

He is also worried about the prospect of the site being cleared, if a buyer is not found soon.

He said: “The main thing is to keep the current work in the yard and retain McNulty as a going concern.”

South Shields MP David Miliband has met with administrators and praised their efforts in trying to secure a buyer.

A spokesman for KPMG said: “The administrators are continuing to liaise with interested parties and to employ approximately 80 people to fulfil existing contracts.”

Twitter: @terrykelly16

 

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